Honor Flight Tri-State

Analysis

Honor Flight Tri-State is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Honor Flight Tri-State reported income of $580k and spending of $487k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $580k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honor Flight Tri-State sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Nicolaysen Art Museum ($580k), Irish Cultural Center Inc of Western New England ($580k) and Academy of Science of St Louis ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 35% of the total. At year end it held assets of $1.7m against liabilities of $6,687, net assets of $1.7m.